- On Capitol Hill
- On Wall Street
- In the Press
- Policy Reform Work
Our projects are designed to empower policy makers to create positive change. With a focus on collaboration and outreach, we provide original, standards-based research on key policy issues.
SCEPA joined with the Economic Policy Institute on Capitol Hill to brief congressional staff and policy experts on tax expenditures, or incentives given through the tax code without scrutiny by Congress.
SCEPA economists are working on the prospects for a more progressive economic order to emerge from the shock of the recession. They have published papers and documents that place current events in a longer-term context as well as policy proposals to deal with short-term concerns. They are also documenting the emerging discussion of how the discipline of economics is reacting to the Great Recession and the questioning of conventional economic analysis.
Lance Taylor, a SCEPA Faculty Fellow, presents an overview of his new book, Maynard’s Revenge, in a Google Tech Talk.
The book, published this November by Harvard University Press, is a timely analysis of mainstream macroeconomics, posing the need for a more useful and realistic economic analysis that can provide a better understanding of the ongoing global financial and economic crisis.
The government spends $143 billion through tax breaks in an effort to expand pension coverage and security. Yet, over half of the American workforce does not have a pension. Retirement insecurity hurts business plans, workers’ lives and retiree well-being. Reform is needed.
SCEPA’s Guaranteeing Retirement Income Project, sponsored by the Rockefeller Foundation and in collaboration with Demos and the Economic Policy Institute, has a plan to guarantee safe and secure retirement income for all Americans.
On April 25th, the California State Senate moved one step closer to passing legislation to create retirement accounts for California workers who do not have access to a retirement plan through their employer. The California Retirement Savings Act, introduced by State Senator Kevin de Leόn and modeled after Ghilarducci's State GRA proposal, was passed by the Senate Committee on Labor and Industrial Relations.
The legislation would create accounts for private-sector workers, pooling voluntary contributions from employees and employers into a professionally-managed retirement fund that leverages economies of scale and longer investment horizons.
SCEPA is proud to announce that the influential Journal of Applied Econometrics will publish a SCEPA Working Paper by the research team of Professors Christian R. Proano and Willi Semmler and Research Assistant Christian Schoder. The paper, "Are the Current Account Imbalances Between EMU Countries Sustainable?" challenges the conventional view held by, among others, IMF chief economist Olivier Blanchard, that rising European imbalances are an optimal response to financial market integration.
The authors argue that the introduction of the Euro as a common currency, without proper fiscal institutional arrangements, aggravated increasingly unstable growing external imbalances. In the current crisis, they hinder recovery in the southern European countries. They conclude that ambitious policy coordination among member states is required to overcome the crisis and offer policy recommendations to foster sustainable and even growth in the Euro Area.
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